Alex Apostolidis's questions to Dufry AG/ADR (DUFRY) leadership • Q2 2022
Question
Alex Apostolidis from Barings inquired about revenue per passenger in H1 2022 versus H1 2019, the impact of 2,500 staff vacancies on personnel costs, the reason for higher 'other expenses' versus 2019, and the strategy for refinancing upcoming debt maturities.
Answer
CEO Xavier Rossinyol noted that spend per head was ahead of 2019 but influenced by a different passenger mix, and that personnel inflation is being mitigated by initiatives like self-checkout. CFO Yves Gerster explained the debt refinancing approach will be holistic, considering market conditions and the Autogrill deal timing. The question regarding 'other expenses' was not directly addressed.